Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Navistar Negotiating Cuts at Ontario Truck Plant
Navistar International Corp. is considering significantly reducing its presence at an Ontario truck plant as it shifts heavy-duty truck production to other locations, Reuters reported.
June 30, 2009Diesel Dips 0.8¢ to $2.608; Drop Is First in 2 Months
The average national price of diesel fuel fell for the first time in eight weeks, dipping 0.8 cent to $2.608 a gallon, the Department of Energy said.
June 30, 2009Chicago Factory Index Improves
Manufacturing activity in the Chicago improved in June but continued to show contraction, the Institute for Supply Chain Management-Chicago said Tuesday.
June 30, 2009Clean Energy Opens Natural Gas Station at SoCal Ports
Clean Energy Fuels Corp. said Tuesday it has opened the world’s largest natural gas truck fueling station, on a site adjacent to the Ports of Los Angeles and Long Beach, Calif.
June 30, 2009ArvinMeritor Divests from Light-Chassis Ventures
Truck components maker ArvinMeritor Inc. said Monday it will sell one of its light-vehicle chassis businesses to a private equity firm, selling its Control Products North America to OpenGate Capital.
June 29, 2009Paccar Delays Engine Plant Opening Until Late 2010
Truck maker Paccar Inc. has pushed back by a year the opening date of a diesel engine plant in Mississippi to late 2010, the Associated Press reported.
June 29, 2009May Truck Tonnage Falls 11%; Month-to-Month Level Rises
Truck tonnage decreased 11% in May compared with a year ago, but increased from April, American Trucking Associations said.
June 29, 2009FedEx, OfficeMax Set Retail Shipping Deal
FedEx Corp. said Monday it has entered into a multi-year agreement with OfficeMax stores to allow customers domestic shipping more than 900 OfficeMax retail locations by the fall.
June 29, 2009International Dealer Offers Sessions on EGR for Potential Customers
MEMPHIS, Tenn. — International Truck dealer Diamond Companies Inc. here has embarked on a two-pronged program to educate potential customers about the engine technology Navistar Inc. will offer next year. Diamond plans “lunch and learn” seminars at its dealerships and to take clients to Navistar’s new engine plant in Alabama.
June 29, 2009Gas Prices Steady in Past Two Weeks, Lundberg Says
Gasoline prices held steady over the past two weeks at $2.66 per gallon for regular grade, according to the national Lundberg Survey of fuel prices released Sunday.
June 29, 2009